Wang Peng, deputy head of think tank China Center for

 Information Industry Development, said Huawei’s chip making arm HiSilicon can help Huawei ensure the s

ustainability of its business to some extent, and its chip stocks “are expected to provide a buffer of six months to a year”.

Huawei said it procured around $70 billion worth of components and services from i

ts 13,000 suppliers worldwide last year, with roughly $11 billion coming from US suppliers.

The US has been voicing the “national security threat” of using Huawei products.

French President Emmanuel Macron said on Thursday that France will allow Huawe

i to build its 5G network infrastructure while preserving national security, according to Xinhua News Agency.

kaimenjidashijie.cn

industrial internet and the internet of vehicles are am

ong the country’s top development priorities in the telecommuni

cations industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Te

chnology, said on Friday during the World Telecommunication and Information Society Day.

Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedit

e the commercialization of this forefront technology and bolster the nation’s core competitiveness.

Major Chinese smartphone maker Huawei Technologies Co has a

lready unveiled its first 5G chip and first 5G foldable smartphone, the Mate X, which is

expected to hit the market in June, despite challenges involving the United States.

Also on Friday, shortly after the US said it would ban Huawei from buying US t

echnology without special approval, Huawei’s chipmaking arm, HiSilicon, said

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China announces new tariffs on US goodsday that it wil

China said late on Monday that it will increase tariffs on the bulk of $60 billion of US imports to three categories of rates between 10% and 25%.

For the rest of the $60 billion US imports, the duty rate will remains at 5 percent.

The tariffs will hit around 5,000 products and will take effect on June 1.

It is China’s latest response to the additional US tariffs on $200 billion of Chinese goods, which were implemented on Friday morning.

The move fully demonstrates Beijing’s firm determination to defend its due interest

s and legitimate rights in international trade and economic cooperation, according to analysts.

Guanxi, compadrazgo and bapakism. Three words from China, the Philip

pines and Indonesia that encapsulate the same values of the vast continent through the a

ges-a shared belief in the importance of the family and the community over the individual.

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The BRI originated in China but its opportunities an

 outcomes belong to the world, Xi said, adding that the second forum sen

ds a clear message to the world: The BRI will have a brighter future as the circle of its

supporters expands, as good partners increase and as the quality of cooperation improves.

Around 5,000 people from some 150 countries and about 90 international organizations attended the forum.

Participants hailed the BRI as a great initiative for economic cooperation, saying it is conducive t

o promoting connectivity and enhancing international cooperation in fields such as trade, investment and sustainable development.Calling Belt and Road con

struction a path to common prosperity, Xi said that early results from the BRI op

en up more space for global economic growth, build a platform for international cooperation and make new co

ntributions to the building of a community with a shared future for mankind.

gzbbam.com

wei Technologies Co posted 179.7 billion yuan in reve

British Prime Minister Theresa May has given the green light to Chinese telecom giant H

uawei to help build the country’s 5G network, said the Daily Telegraph newspaper.

UK’s National Security Council, which is chaired by May, agree

d on Tuesday to allow Huawei limited access to help build parts

of the network such as antennas and other “noncore” infrastructure, the report said.

Huawei is already present in Britain’s existing noncore mobile network, said a Reuters report.

Previously, Huawei said it “poses no threat” and the best way to win trust is thr

ough “transparency” in response to criticism from some in the United Kingdom.

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schedule must not be imposed on workersschedule

Editor’s note: The “996” schedule (working from 9 am to 9 pm, six

days a week) has sparked a heated public debate, because many workers don’t get any ove

rtime pay and, worse, could end up in the “”. The “996” phenomenon is rampant in the high-tech and internet compani

es. Some internet company chiefs have added fuel to the debate by saying they want their workers to “work hard”. T

hree experts share their views on the issue with China Daily’s Yao Yuxin. Excerpts follow:

Labor Law should never be violated

Given the fierce competition in the high-tech sector industries, start-

ups have to take drastic measures to survive, let alone thrive. To develop new products, and pr

oduce and market them, companies need a great deal of resources and ski

lled manpower. Perhaps this is the reason they make their employees work overtime.

But forcing the “996” schedule on the workers is illegal. To p

rotect the rights of workers, the Labor Law stipulates that employers

should not force their workers to work more than eight hours a day, or more than 44 hours a week. If emplo

www.changjiangjiaoxiang.cn

Retail sales of local government bonds attract eager

Chinese local government bonds worth 1.4 billion yuan ($208.5 million) were snapped up by retail investors within a single day, after counter sales in banks we

re made available for the first time. The fundraising will help supplement a broader fiscal deficit this year, analysts said.

On Monday, individuals in China were able to purchase bonds issued by t

he Zhejiang provincial government (five-year term, 3.32 percent coupon rate) and the N

ingbo city government (three-year term, 3.04 percent coupon rate). Proceeds from the sales will be used for land purchases (300 million yuan) and shantytown renovations (1.1 billion yuan), acc

ording to a notice on the website of China Central Depository and Clearing, a clearinghouse under the central bank.

The minimum investment amount for retail investors is 100 yuan, lower than most wealth management products issu

ed by commercial banks. Previously, individual investors could only purchase bonds issued by the central government, kno

wn as treasury bonds. And before Monday, local government bonds were traded mainly in the interbank market.

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Xi said he agreed with Mattarella’s proposal that Italy and

China should be good partners with inclusive interests and pursue common development. Xi called on the two count

ries to boost mutual political trust, enhance communication of policies and support each other’s major concerns and core interests.

China appreciates Italy’s contributions to promoting relations between China and Europe, Xi said, adding that China would like to enhance cooperation with Italy under

multilateral frameworks, including the United Nations and the G20, to support multilateralism and free trade.

Saying that the world is facing unprecedented challenges, Xi added that China w

ould like to make joint efforts with the international community to build a more beautiful world.

This year is the 15th anniversary of the China-Italy comprehensive strategic partners

hip, and next year will be the 50th anniversary of the establishment of diplomatic relations between the countries.

China and Italy have respected, trusted and helped each other for nearly half a century, and t

he two countries have strengthened high-level exchanges and boosted strategic mutual trust, Xi said.

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Theresa May asks EU for Brexit delayIn his press conference, Don

the President of the European Council, made it clear that the EU would only

approve a delay to the Brexit process if the House of Commons approves the Withdra

wal Agreement signed by Theresa May last year. That suggests a third “meaningful vote” must be held in Parliament next week.

another vote. Earlier this week he ruled that the government could not hold repeated votes on the same issue without substantive changes.

The government will hope that Tusk’s statement will be sufficient to satisfy Bercow’s demand.

After that, there’s the question of persuading MPs to support the deal.

Theresa May lost her first meaningful vote by a historic margin of 230 in January, and lost her second last week by 149.

May faces an uphill challenge to pass the deal a third time – 75 MPs will have to change their mind

s. The Prime Minister will hope that the looming and clear threat of no deal will force opposition MPs to support her deal.

The trouble is, there’s a small group of hardcore Brexit-supporting MPs o

n her own side who would be happy to see the UK crash out without a deal – a clean bre

ak from the EU with no complications. Quite how she persuades them to get onside is unclear.

www.chinaherb.cc

Erdou” and “Guazi” are two such cat celebrities on Douyin

one of China’s most popular video-sharing platforms. They are owned by the same person who posts their videos on an account called “Liu Erdou who can speak”.

The account became very popular quickly, attracting over 46 million followers and 390 million “thumbups” (or “likes”).

The account manager began to receive advertising opportunities from recogni

zed brands. The latter requested her to endorse certain products in her short videos.

That’s just one form of making money in the cat economy.

Many people are making products, or offering services, that make cats’ lives fancier, and their owners happier.

An electric scalp massager retails for about 120 yuan, and a FURminat

or (cat grooming comb) for over 100 yuan, with a freebie thrown in, in the form of a comb for t

he cat owner! Then, there is an indoor slide for 300 yuan, all kinds of beds, what have you.

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